Kemper Appoints New Finance Chief as Shares Slide

Kemper Corporation has appointed Bradley T. Camden as its new Chief Financial Officer, effective immediately. The company's President, CEO, and Chairman, Joseph P. Lacher, Jr., expressed confidence in Camden, stating, "Brad is a talented leader who is respected and well-regarded by our Board, shareholders and his colleagues. He's done an excellent job as interim CFO over the last five months, and I have the utmost confidence in his abilities as we move forward."

Camden, who joined Kemper in 2020 as Senior Vice President and Treasurer, brings with him 15 years of experience from Northern Trust Asset Management. He expressed his enthusiasm for the new role, saying, "I'm honored to accept this opportunity to continue working with Joe and the incredible leadership team at Kemper, and play a meaningful role as we advance our growth and profitability goals."

Regarding the company's outlook, Lacher highlighted the opportunities ahead for Kemper, stating, "A great many opportunities lie ahead for Kemper and I'm glad to be part of the journey."

Kemper Corporation's shares have moved -2.4% following the announcement, and are currently trading at $56.49.

The company's full 8-K submission is available here.

2018 2019 2020 2021 2022 2023
Revenue (MM) $3,725 $5,039 $5,206 $5,793 $5,577 $5,184
Revenue Growth n/a 35.28% 3.3% 11.28% -3.73% -7.03%
Interest Income (MM) $43 $42 $36 $44 $55 $56
Net Margins 5% 11% 8% -2% -5% -8%
Net Income (MM) $190 $531 $410 -$120 -$301 -$391
Depreciation & Amort. (MM) $16 $33 $36 $46 $50 $51
Earnings Per Share $3.22 $7.96 $6.14 -$1.87 -$4.72 -$6.11
EPS Growth n/a 147.2% -22.86% -130.46% -152.41% -29.45%
Diluted Shares (MM) 59 67 67 64 64 64
Free Cash Flow (MM) $528 $450 $395 $293 -$241 -$188
Capital Expenditures (MM) $11 $84 $53 $58 $31 $43
Total Debt (MM) $1,818 $1,557 $2,346 $2,244 $2,774 $1,389

Kemper has weak net margins with a negative growth trend, declining EPS growth, and positive cash flows. On the other hand, the company benefits from rapidly growing revenues and a flat capital expenditure trend and low debt levels.

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